Forex calendar
Monday, 01 February 2010
| Time | Currency | Economic impact | Event | Prev. | Forecast | Fact. |
|---|---|---|---|---|---|---|
| 01:30 | AUD | low | AIG Manufacturing Index | 48.5 | 51.0 | |
| Measures: Level of a diffusion index based on surveyed manufacturers; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, on the first business day after the month ends; Next Release: Mar 1, 2010 FF Notes: Above 50.0 indicates industry expansion, below indicates contraction; Derived Via: Survey of about 200 manufacturers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories; Also Called: Performance of Manufacturing Index; Acro Expand: Australian Industry Group (AIG); | ||||||
| 02:30 | AUD | low | MI Inflation Gauge m/m | 0.3% | 0.8% | |
| Measures: Change in the price of goods and services purchased by consumers; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, around the end of the current month; Next Release: Mar 1, 2010 FF Notes: This data provides a monthly look at consumer inflation and is designed to mimic the quarterly government-released CPI data. Full reports are only available to Melbourne Institute subscribers; Also Called: TD Securities/Melbourne Institute Inflation Gauge; Acro Expand: Melbourne Institute (MI), Consumer Price Index (CPI); | ||||||
| 03:26 | AUD | medium | HIA New Home Sales m/m | 0.3% | -4.6% | |
| Measures: Change in the number of newly constructed homes sold; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 30 days after the month ends; Next Release: Mar 1, 2010 Why Traders Care: It's a leading indicator of economic health because the sale of a new home triggers a wide-reaching ripple effect. For example, furniture and appliances are purchased for the home, a mortgage is sold by the financing bank, and brokers are paid to execute the transaction; Acro Expand: Housing Industry Association (HIA); | ||||||
| 03:30 | AUD | medium | ANZ Job Advertisements m/m | 4.6% | -8.1% | |
| Measures: Change in the number of jobs advertised in the major daily newspapers and websites covering the capital cities; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 7 days after the month ends; Next Release: Mar 5, 2010 FF Notes: This data tends to have more impact when it's released ahead of the government employment data rather than after; Acro Expand: Australia and New Zealand Banking Group (ANZ); | ||||||
| 03:30 | AUD | medium | HPI q/q | 4.4% | 3.7% | 5.2% |
| Measures: Change in the selling price of homes in the nation's 8 state capitals; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released quarterly, about 35 days after the quarter ends; Next Release: May 3, 2010 Why Traders Care: It's a leading indicator of the housing industry's health because rising house prices attract investors and spur industry activity; Acro Expand: House Price Index (HPI); | ||||||
| 04:00 | CNY | high | Manufacturing PMI | 56.6 | 55.8 | |
| Measures: Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, on the first business day after the month ends; Next Release: Mar 1, 2010 FF Notes: Above 50.0 indicates industry expansion, below indicates contraction. Tends to have more impact when it's released ahead of CLSA Manufacturing PMI because the reports are tightly correlated. Chinese data can have a broad impact on the currency markets due to China's influence on the global economy and investor sentiment. Source first released in Jul 2005; Why Traders Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy; Derived Via: Survey of about 700 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories; Acro Expand: China Federation of Logistics and Purchasing (CFLP), Purchasing Managers' Index (PMI); | ||||||
| 05:00 | NZD | low | ANZ Commodity Prices m/m | 2.6% | 0.4% | |
| Measures: Change in the global price of exported commodities; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 4 days after the month ends; Next Release: Mar 3, 2010 FF Notes: Tends to have a muted impact because the tightly-correlated Australian commodity prices are released a few days earlier; Derived Via: The average price of the nation's main commodity exports are sampled on the global market and then compared to the previous sampling; Also Called: Commodity Price Index; Acro Expand: Australia and New Zealand Banking Group (ANZ); | ||||||
| 05:30 | CNY | medium | HSBC Manufacturing PMI | 56.1 | 57.4 | |
| Measures: Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, on the first business day after the month ends; Next Release: Mar 1, 2010 FF Notes: Above 50.0 indicates industry expansion, below indicates contraction. Tends to have more impact when it's released ahead of the government's Manufacturing PMI because the reports are tightly correlated; Why Traders Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy; Derived Via: Survey of about 400 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories; Acro Expand: The Hongkong and Shanghai Banking Corporation (HSBC), Purchasing Managers' Index (PMI); | ||||||
| 08:30 | AUD | medium | Commodity Prices y/y | -15.7% | -11.7% | |
| Measures: Change in the selling price of exported commodities; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, on the first business day after the month ends; Next Release: Mar 1, 2010 FF Notes: Commodities account for over half of Australia's export earnings. Source changed series calculation formula as of Nov 2009; Why Traders Care: It's a leading indicator of the nation's trade balance with other countries because rising commodity prices boost export income; Derived Via: The average selling price of the nation's main commodity exports are sampled and then compared to the previous sampling; Also Called: Index of Commodity Prices; | ||||||
| 11:30 | CHF | medium | SVME PMI | 53.7 | 55.4 | 56.0 |
| Measures: Level of a diffusion index based on surveyed purchasing managers; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, on the first or second business day after the month ends; Next Release: Mar 1, 2010 FF Notes: Why Traders Care Derived Via: Survey of about 200 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories; | ||||||
| 12:00 | EUR | low | Final Manufacturing PMI | 52.0 | 52.0 | 52.4 |
| Measures: Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, on the first business day after the month ends; Next Release: Mar 1, 2010 FF Notes: Data is given to Thomson Reuters subscribers 2 minutes before the public release time listed on the calendar - early market reaction is usually a result of trades made by these subscribers. Above 50.0 indicates industry expansion, below indicates contraction. The 'Previous' listed is the 'Actual' from the Flash release and therefore the 'History' data will appear unconnected. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in Jun 2007, is the earliest and thus tends to have the most impact. Full reports are only available to journalists registered with Markit; Why Traders Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy; Derived Via: Survey of about 600 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories; Acro Expand: Purchasing Managers' Index (PMI); | ||||||
| 12:30 | GBP | high | Manufacturing PMI | 54.6 | 54.1 | 56.7 |
| Measures: Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, on the first business day after the month ends; Next Release: Mar 1, 2010 FF Notes: Data is given to Thomson Reuters subscribers 2 minutes before the public release time listed on the calendar - early market reaction is usually a result of trades made by these subscribers. Above 50.0 indicates industry expansion, below indicates contraction. Full reports are only available via subscription; Why Traders Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy; Derived Via: Survey of about 600 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories; Acro Expand: Purchasing Managers' Index (PMI); | ||||||
| 12:30 | GBP | medium | Net Lending to Individuals m/m | 1.2B | 1.2B | 1.2B |
| Measures: Change in the total value of new credit issued to consumers; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 30 days after the month ends; Next Release: Mar 1, 2010 Why Traders Care: It's correlated with consumer spending and confidence - rising debt levels are a sign that lenders feel comfortable issuing loans, and that consumers are confident in their financial position and eager to spend money; | ||||||
| 12:30 | GBP | low | Mortgage Approvals | 60K | 62K | 59K |
| Measures: Number of new mortgages approved for home purchases during the previous month; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 30 days after the month ends; Next Release: Mar 1, 2010 FF Notes: Tends to have a muted impact because about 60% of all mortgages are covered by the BBA Mortgage Approvals data released a few days earlier; Why Traders Care: It's a leading indicator of housing market demand – most home purchases are financed with a mortgage, so it provides an excellent gauge of how many qualified buyers are entering the market; Also Called: Approvals Secured on Dwellings; | ||||||
| 16:30 | USD | medium | Core PCE Price Index m/m | 0.0% | 0.1% | 0.1% |
| Measures: Change in the price of goods and services purchased by consumers, excluding food and energy; Frequency: Released monthly, about 30 days after the month ends; Next Release: Mar 1, 2010 FF Notes: Differs from Core CPI in that it only measures goods and services targeted towards and consumed by individuals. Prices are weighted according to total expenditure per item which gives important insights into consumer spending behavior. This is rumored to be the Federal Reserve's favorite inflation measure, but CPI is released about 15 days earlier and tends to garner most of the attention; Acro Expand: Personal Consumption Expenditures (PCE), Consumer Price Index (CPI); | ||||||
| 16:30 | USD | medium | Personal Spending m/m | 0.7% | 0.3% | 0.2% |
| Measures: Change in the total value of inflation-adjusted expenditures by consumers; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 30 days after the month ends; Next Release: Mar 1, 2010 FF Notes: This is significant data, though it tends to have a relatively mild impact because Retail Sales, which also covers consumer spending, is released about 2 weeks earlier; Why Traders Care: Consumer spending accounts for a majority of overall economic activity. It's one of the most important gauges of economic health due to the vast ripple effect consumer buying creates in the economy; Also Called: Consumer Spending; | ||||||
| 16:30 | USD | low | Personal Income m/m | 0.5% | 0.4% | 0.4% |
| Measures: Change in the total value of income received from all sources by consumers; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 30 days after the month ends; Next Release: Mar 1, 2010 Why Traders Care: Income is correlated with spending - the more disposable income consumers have, the more likely they are to increase spending; | ||||||
| 18:00 | USD | high | ISM Manufacturing PMI | 54.9 | 55.5 | 58.4 |
| Measures: Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, on the first business day after the month ends; Next Release: Mar 1, 2010 FF Notes: Above 50.0 indicates industry expansion, below indicates contraction; Why Traders Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy; Derived Via: Survey of about 400 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories; Also Called: Manufacturing ISM Report On Business; Acro Expand: The Institute for Supply Management (ISM), Purchasing Managers' Index (PMI); | ||||||
| 18:00 | USD | medium | Treasury Sec Geithner Speaks | |||
| Speaker: US Treasury Secretary Timothy Geithner; Description: Due to testify on the fiscal 2011 budget before the House Senate Finance Committee, in Washington DC; FF Notes: US Treasury Secretary Jan 2009 - Jan 2013. He speaks frequently on a broad range of subjects - only speeches that might have direct market impact are listed on the calendar; Why Traders Care: It's the Treasury Secretary 3e8 's job to communicate the US President's economic policies, and his speeches are often used to signal policy shifts to the public and to foreign governments; | ||||||
| 18:00 | USD | low | Construction Spending m/m | -1.2% | -0.4% | -1.2% |
| Measures: Change in the total amount builders spent on construction projects; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 30 days after the month ends; Next Release: Mar 1, 2010 | ||||||
| 18:00 | USD | low | ISM Manufacturing Prices | 61.5 | 63.0 | 70.0 |
| Measures: Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry; Usual Effec 3e8 t: Actual > Forecast = Good for currency; Frequency: Released monthly, on the first business day after the month ends; Next Release: Mar 1, 2010 FF Notes: This is a component of PMI but reported separately as an inflation gauge. Above 50.0 indicates rising prices, below indicates falling prices; Why Traders Care: It's a leading indicator of consumer inflation - when businesses pay more for goods and services the higher costs are usually passed on to the consumer; Derived Via: Survey of about 400 purchasing managers which asks respondents to rate the relative level of prices paid for goods and services; Also Called: Manufacturing Prices Paid; Acro Expand: The Institute for Supply Management (ISM), Purchasing Managers' Index (PMI); | ||||||
| 22:00 | USD | low | Loan Officer Survey | |||
FF Alert  : Release time comes as a surprise from source;Frequency: Released quarterly; Next Release: May 6, 2010 Why Traders Care: It's correlated with spending and confidence - rising debt levels are a sign that lenders feel comfortable issuing loans, and that consumers and businesses are confident in their financial position and eager to spend money; Derived Via: Survey of large domestic banks and branches of foreign banks which asks respondents about changes in the standards and terms of the banks' lending and the state of business and household demand for loans; | ||||||
Tuesday, 02 February 2010
| Time | Currency | Economic impact | Event | Prev. | Forecast | Fact. |
|---|---|---|---|---|---|---|
| 00:45 | NZD | high | Labor Cost Index q/q | 0.4% | 0.5% | 0.3% |
| Measures: Change in the price businesses pay for labor, excluding overtime; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released quarterly, about 30 days after the quarter ends; Next Release: May 4, 2010 Why Traders Care: It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer; Also Called: Private Sector Labor Costs; | ||||||
| 02:50 | JPY | low | Monetary Base y/y | 5.2% | 4.9% | 4.9% |
| Measures: Change in the total quantity of domestic currency in circulation and current account deposits held at the BOJ; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, on the second business day after the month ends; Next Release: Mar 1, 2010 Why Traders Care: It's positively correlated with interest rates - early in the economic cycle an increasing supply of money leads to additional spending and investment, and later in the cycle expanding money supply leads to inflation; Acro Expand: Bank of Japan (BOJ); | ||||||
| 03:30 | AUD | medium | NAB Business Confidence | 19 | 8 | |
| Measures: Level of a diffusion index based on surveyed businesses, excluding the farming industry; Frequency: Released monthly, about 11 days after the month ends; Next Release: Feb 9, 2010 Why Traders Care: It's a leading indicator of econ 3e8 omic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment; Derived Via: Survey of about 350 businesses which asks respondents to rate the relative level of current business conditions; Acro Expand: National Australia Bank (NAB); | ||||||
| 04:30 | JPY | medium | Average Cash Earnings y/y | -2.4% | -2.6% | -6.1% |
| Measures: Change in the total value of employment income collected by workers; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 30 days after the month ends; Next Release: Mar 2, 2010 Why Traders Care: Income is correlated with spending - the more disposable income consumers have, the more likely they are to increase spending; Also Called: Labor Cash Earnings, Total Cash Earnings; | ||||||
| 06:30 | AUD | high | Cash Rate | |||
| Measures: Interest rate for overnight money market deposits; Usual Effect: Actual > Forecast = Good for currency; Frequency: First Tuesday of the month, excluding January; Next Release: Mar 2, 2010 FF Notes: The rate decision is often priced in the market so it tends to be overshadowed by the RBA Rate Statement which is focused on the future; Why Traders Care: Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future; Derived Via: Reserve Bank Board members come to a consensus on where to set the rate; Also Called: Interest Rates; Acro Expand: Reserve Bank of Australia (RBA); More | ||||||
| 06:30 | AUD | high | RBA Rate Statement | |||
| Usual Effect: More hawkish than expected = Good for currency; Frequency: First Tuesday of the month, excluding January; Next Release: Mar 2, 2010 FF Notes: Until Dec 2007 the statement was only issued when the cash rate was changed; Why Traders Care: It's among the primary tools the RBA Reserve Bank Board uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions; Also Called: Interest Rate Statement; Acro Expand: Reserve Bank of Australia (RBA); | ||||||
| 09:45 | CHF | medium | SECO Consumer Climate | -14 | -10 | -7 |
| Measures: Level of a composite index based on surveyed households; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released every 3 months, about 10 days after the period ends; Next Release: May 11, 2010 FF Notes: Above 0.0 indicates optimism, below indicates pessimism; Why Traders Care: Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity; Derived Via: Survey of about 1,100 households which asks respondents to rate the relative level of past and future economic conditions; Acro Expand: State Secretariat for Economic Affairs (SECO); | ||||||
| 10:00 | EUR | medium | German Retail Sales m/m | -1.7% | 0.9% | 0.8% |
| Measures: Change in the total value of inflation-adjusted sales at the retail level, excluding automobiles and gas stations; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 30 days after the month ends; Next Release: Mar 4, 2010 Why Traders Care: It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity; Also Called: Real Retail Sales; | ||||||
| 12:30 | GBP | medium | Construction PMI | 47.1 | 47.7 | 48.6 |
| Measures: Level of a diffusion index based on surveyed purchasing managers in the construction industry; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, on the second business day after the month ends; Next Release: Mar 2, 2010 FF Notes: Above 50.0 indicates industry expansion, below indicates contraction. Full reports are only available via subscription; Why Traders Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy; Derived Via: Survey of about 170 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories; Acro Expand: Purchasing Managers' Index (PMI); | ||||||
| 13:00 | EUR | low | PPI m/m | 0.2% | 0.0% | 0.1% |
| Measures: Change in the price of finished goods and services sold by producers; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 35 days after the month ends; Next Release: Mar 2, 2010 FF Notes: Tends to have a muted impact because Germany and France, which account for about half of the Eurozone's economy, release their PPI data earlier; Also Called: Industrial Producer Prices; Acro Expand: Producer Price Index (PPI); | ||||||
| 18:00 | USD | high | Pending Home Sales m/m | -16.4% | 0.4% | 1.0% |
| Measures: Change in the number of homes under contract to be sold but still awaiting the closing transaction, excluding new construction; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 35 days after the month ends; Next Release: Mar 4, 2010 FF Notes: This data is released about 15 days later than Existing Home Sales, but it's more forward-looking as a contract is signed several weeks before the home is counted as sold. Source first released in Mar 2005; Why Traders Care: It's a leading indicator of economic health because the sale of a home triggers a wide-reaching ripple effect. For example, renovations are done by the new owners, a mortgage is sold by the financing bank, and brokers are paid to execute the transaction; Also Called: Pending Resales; | ||||||
| 18:00 | USD | medium | Treasury Sec Geithner Speaks | |||
| The Confederation of British Industry (CBI) Industrial Trends Orders measures the level of new orders placed with manufacturers. | ||||||
| 18:00 | USD | medium | Treasury Sec Geithner Speaks | |||
| Speaker: US Treasury Secretary Timothy Geithner; Description: Due to testify on the fiscal 2011 budget before the House Senate Finance Committee, in Washington DC; Next Release: Feb 3, 2010 FF Notes: US Treasury Secretary Jan 2009 - Jan 2013. He speaks frequently on a broad range of subjects - only speeches that might have direct market impact are listed on the calendar; Why Traders Care: It's the Treasury Secretary's job to communicate the US President's economic policies, and his speeches are often used to signal policy shifts to the public and to foreign governments; | ||||||
Wednesday, 03 February 2010
| Time | Currency | Economic impact | Event | Prev. | Forecast | Fact. |
|---|---|---|---|---|---|---|
| 01:30 | AUD | medium | AIG Services Index | 50.0 | 47.4 | |
| Measures: Level of a diffusion index based on surveyed service-based companies; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, on the third business day after the month ends; Next Release: Mar 3, 2010 FF Notes: Above 50.0 indicates industry expansion, below indicates contraction; Derived Via: Survey of about 200 service-based companies which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories; Also Called: Performance of Services Index; Acro Expand: Australian Industry Group (AIG); | ||||||
| 03:01 | GBP | low | BRC Shop Price Index y/y | 2.2% | 2.3% | |
| Measures: Change in the price of goods purchased at BRC-member retail stores; Usual Eff 3e8 ect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 5 days after the month ends; Next Release: Mar 10, 2010 FF Notes: Leads the government-released consumer inflation data by about 10 days, but has a narrower scope as it only includes goods purchased from retailers who belong to the BRC. This data is usually released 1 day before the Bank of England interest rate decision; Acro Expand: British Retail Consortium (BRC); | ||||||
| 03:01 | GBP | medium | Nationwide Consumer Confidence | 70 | 70 | 73 |
| ??” | ||||||
| 03:30 | AUD | high | Trade Balance | -1.73B | -2.36B | -2.25B |
| Measures: Difference in value between imported and exported goods and services during the reported month; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 35 days after the month ends; Next Release: Mar 4, 2010 FF Notes: A positive number indicates that more goods and services were exported than imported; Why Traders Care: Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers; Also Called: International Trade in Goods and Services; | ||||||
| 12:00 | EUR | low | Final Services PMI | 52.3 | 52.3 | 52.5 |
| ??” | ||||||
| 12:30 | GBP | high | Services PMI | 56.8 | 56.6 | 54.5 |
| Measures: Level of a diffusion index based on surveyed purchasing managers in the services industry; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, on the third business day after the month ends; Next Release: Mar 3, 2010 FF Notes: Data is given to Thomson Reuters subscribers 2 minutes before the public release time listed on the calendar - early market reaction is usually a result of trades made by these subscribers. Above 50.0 indicates industry expansion, below indicates contraction. Full reports are only available via subscription; Why Traders Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy; Derived Via: Survey of purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories; Acro Expand: Purchasing Managers' Index (PMI); | ||||||
| 13:00 | EUR | medium | Retail Sales m/m | -0.5% | 0.4% | 0.0% |
| Measures: Change in the total value of inflation-adjusted sales at the retail level; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 35 days after the month ends; Next Release: Mar 3, 2010 FF Notes: Tends to have a relatively muted impact because Germany and France, which account for about half of the Eurozone's economy, release earlier consumer spending data; Why Traders Care: It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity; | ||||||
| 13:00 | EUR | medium | Retail Sales m/m | |||
| The Information and Forschung (Ifo) Business Climate Index measures the mood of firms in manufacturing, construction, wholesale and retail. The index is derived from a monthly survey of over 7,000 firms where respondents are asked to give their assessments of the current business situation and their expectations for the next six months. The indicator reading is a transformed mean of the balances of the business situations and the expectations, and can fluctuate between extreme values of -100 (i.e., all responding firms appraise their situation as poor or expect business to become worse) and +100 (i.e., all responding firms assessed their situation as good or expect an improvement in their business). | ||||||
| 15:30 | USD | low | Challenger Job Cuts y/y | -72.9% | -70.4% | |
| Measures: Change in the number of job cuts announced by employers; Usual Effect: Actual < Forecast = Good for currency; Frequency: Released monthly, about 3 days after the month ends; Next Release: Mar 3, 2010 FF Notes: It's extremely early data, but historically has limited short-term correlation with over 27b1 all labor conditions; Also Called: Job Cut Announcements; | ||||||
| 16:15 | USD | high | ADP Non-Farm Employment Change | -61K | -31K | -22K |
| Measures: Estimated change in the number of employed people during the previous month, excluding the farming industry and government; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly; Next Release: Mar 3, 2010 FF Notes: Leads the government-released employment data by 2 days, and has slowly demonstrated its predictive qualities since its May 2006 debut. Source changed the calculation methodology in Feb 2007 and Dec 2008 to better align with the government’s data; Why Traders Care: Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity; Derived Via: ADP provides payroll services to many corporations in the US. They use the data collected from their customers to derive the overall employment estimations; Acro Expand: Automatic Data Processing, Inc. (ADP); | ||||||
| 18:00 | USD | high | ISM Non-Manufacturing PMI | 49.8 | 51.1 | 50.5 |
| ??” | ||||||
| 18:00 | USD | low | Treasury Sec Geithner Speaks | |||
| Speaker: US Treasury Secretary Timothy Geithner; Description: Due to testify on the fiscal 2011 budget before the House Ways and Means Committee, in Washington DC; Next Release: Feb 4, 2010 FF Notes: US Treasury Secretary Jan 2009 - Jan 2013. He speaks frequently on a broad range of subjects - 3e8 only speeches that might have direct market impact are listed on the calendar; Why Traders Care: It's the Treasury Secretary's job to communicate the US President's economic policies, and his speeches are often used to signal policy shifts to the public and to foreign governments; | ||||||
| 18:30 | USD | medium | Crude Oil Inventories | -3.9M | 0.4M | 2.3M |
| Measures: Change in the number of barrels of crude oil held in inventory by commercial firms during the past week; Usual Effect: No consistent effect - there are both inflationary and growth implications; Frequency: Released weekly, 4 days after the week ends; Next Release: Feb 10, 2010 FF Notes: While this is a US indicator, it most affects the loonie due to Canada's sizable energy sector; Why Traders Care: It influences the price of petroleum products which affects inflation, but also impacts growth as many industries rely on oil to produce goods; Also Called: Crude Stocks, Crude Levels; Acro Expand: Energy Information Administration (EIA); | ||||||
| 20:00 | USD | medium | FOMC Member Warsh Speaks | |||
| Speaker: Federal Reserve Governor Kevin Warsh; Description: Due to speak about regulatory reforms at the Association of Business Economists, in New York; Usual Effect: More hawkish than expected = Good for currency; FF Notes: FOMC voting member Feb 2006 - Jan 2018; Why Traders Care: Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy; Acro Expand: Federal Open Market Committee (FOMC); | ||||||
| 20:00 | USD | medium | FOMC Member Warsh Speaks | |||
| Adds data from the primary sector (including fishing, farming, forestry, mining, and manufacturing) to the Tertiary Industry Index. | ||||||
| 20:00 | USD | low | FOMC Member Warsh Speaks | -0.4% | -0.4% | |
| — | ||||||
Thursday, 04 February 2010
| Time | Currency | Economic impact | Event | Prev. | Forecast | Fact. |
|---|---|---|---|---|---|---|
| 00:45 | NZD | high | Employment Change q/q | -0.8% | -0.1% | -0.1% |
| Measures: Change in the number of employed people; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released quarterly, about 35 days after the quarter ends; Next Release: May 6, 2010 FF Notes: Although this data is released extremely late, it's the earliest indication of the employment situation and tends to create hefty market impacts; Why Traders Care: Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity; | ||||||
| 00:45 | NZD | high | Unemployment Rate | 6.5% | 6.8% | 7.3% |
| Measures: Percentage of total work force that is unemployed and actively seeking employment during the previous quarter; Usual Effect: Actual < Forecast = Good for currency; Frequency: Released quarterly, about 35 days after the quarter ends; Next Release: May 6, 2010 Why Traders Care: Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor conditions; Also Called: Jobless Rate 3e8 ; | ||||||
| 00:45 | NZD | low | Visitor Arrivals m/m | -4.7% | 8.5% | |
| Measures: Change in the number of short-term overseas visitors who arrived in the country; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 20 days after the month ends; Next Release: Mar 1, 2010 Why Traders Care: Tourism plays an important role in the economy - about 10% of the population is employed by the tourism industry, and a sizable portion of the nation's GDP is indirectly related to tourism; Also Called: International Travel; | ||||||
| 00:45 | NZD | high | Employment Change q/q | -0.8% | -0.1% | |
| The Consumer Price Index (CPI) measures the rate of inflation (i.e., the rate of price changes) experienced by consumers when purchasing goods and services. A rising trend has a positive effect on the nation's currency. The primary objective of the central bank is to achieve price stability; when inflation rises above an annualized rate of approximately 2%, they will respond by raising interest rates to bring prices down. Higher interest rates attract foreign investment, thus increasing demand for the nation's currency. CPI is one of the most closely watched indicators and will usually have a high impact upon release. | ||||||
| 03:30 | AUD | high | Building Approvals m/m | 10.4% | -0.2% | 2.2% |
| Measures: Change in the number of new building approvals issued; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 35 days after the month ends; Next Release: Mar 2, 2010 Why Traders Care: It's an excellent gauge of future construction activity because obtaining government approval is among the first steps in constructing a new building. Construction is important because it produces a wide-reaching ripple effect - for example, jobs are created for the construction workers, subcontractors and inspectors are hired, and various services are purchased by the builder; | ||||||
| 10:15 | CHF | medium | Trade Balance | 1.98B | 2.33B | 1.36B |
| Measures: Difference in value between imported and exported goods during the reported month; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 22 days after the month ends; Next Release: Feb 22, 2010 FF Notes: A positive number indicates that more goods were exported than imported; Why Traders Care: Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers; | ||||||
| 14:00 | EUR | medium | German Factory Orders m/m | 2.7% | 0.2% | -2.3% |
| Measures: Change in the total value of new purchase orders placed with manufacturers; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 35 days after the month ends; Next Release: Mar 4, 2010 Why Traders Care: It's a leading indicator of production - rising purchase orders signal that manufacturers will increase activity as they work to fill the orders; Also Called: Industrial Orders, Manufacturing Orders; | ||||||
| 15:00 | GBP | high | Official Bank Rate | 0.50% | 0.50% | 0.50% |
| Measures: Interest rate at which banks lend balances held at the BOE to other banks; Usual Effect: Actual > Forecast = Good for currency; Frequency: Scheduled monthly; Next Release: Mar 4, 2010 FF Notes: Wh 31c3 en there is a change in rates the MPC will also issue a statement. The rate decision is often priced in the market so it tends to be overshadowed by the MPC Statement which is focused on the future; Why Traders Care: Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future; Derived Via: MPC members vote on where to set the rate. The individual votes are published 2 weeks later in the MPC Meeting Minutes; Also Called: Interest Rates; Acro Expand: Bank of England (BOE), Monetary Policy Committee (MPC); | ||||||
| 15:00 | GBP | high | Asset Purchase Facility | 200B | 200B | 200B |
| Measures: Total value of money the BOE will create and use to purchase assets in the open market; Frequency: Scheduled monthly; Next Release: Mar 4, 2010 FF Notes: Source began this temporary program in Mar 2009, in response to the financial crisis; Why Traders Care: It increases demand for bonds which tends to lower long-term interest rates; 3e8 Derived Via: MPC members vote on the total amount of money to create for the program. The individual votes are published 2 weeks later in the MPC Meeting Minutes; Also Called: Quantitative Easing Programme, Money Printing Programme; Acro Expand: Bank of England (BOE), Mon 3e8 etary Policy Committee (MPC); | ||||||
| 15:45 | EUR | high | Minimum Bid Rate | 1.00% | 1.00% | 1.00% |
| Measures: Interest rate on the main refinancing operations that provide the bulk of liquidity to the banking system; Frequency: Scheduled monthly; Next Release: Mar 4, 2010 FF Notes: The rate decision is often priced in the market so it tends to be overshadowed by the ECB Press Conference held 45 minutes later; Why Traders Care: Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future; Derived Via: The 6 members of the ECB Executive Board and the 16 governors of the Euro area central banks vote on where to set the rate. The split of votes is not publicly revealed; Also Called: Interest Rates, Refi Rate, Repo Rate; | ||||||
| 16:30 | CAD | high | Building Permits m/m | -3.2% | 2.7% | 2.4% |
| Measures: Change in the total value of new building permits issued; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 35 days after the month ends; Next Release: Mar 4, 2010 Why Traders Care: Related Items | ||||||
| 16:30 | EUR | high | ECB Press Conference | |||
| Speaker: ECB President and Vice President; Usual Effect: More hawkish than expected = Good for currency; Frequency: Scheduled monthly, about 45 minutes after the Minimum Bid Rate is announced; Next Release: Mar 4, 2010 FF Notes: The press conference is about an hour long and has 2 parts - first a prepared statement is read, then the conference is open to press questions. The questions often lead to unscripted answers that create heavy market volatility. The press conference is webcasted on the ECB website with a slight delay from real-time; Why Traders Care: It's the primary method the ECB uses to communicate with investors regar 3e8 ding monetary policy. It covers in detail the factors that affected the most recent interest rate and other policy decisions, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy; Also Called: Interest Rate Statement, ECB News Conference; Acro Expand: European Central Bank (ECB); | ||||||
| 16:30 | USD | high | Unemployment Claims | 472K | 461K | 480K |
| Measures: The number of individuals who filed for unemployment insurance for the first time during the past week; Frequency: Released weekly, 5 days after the week ends; Next Release: Feb 11, 2010 FF Notes: This is the nation's earliest economic data. The market impact fluctuates from week to week - there tends to be more focus on the release when traders need to diagnose recent developments, or when the reading is at extremes; Why Traders Care: Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health be 3e8 cause consumer spending is highly correlated with labor conditions; Also Called: Jobless Claims, Initial Claims; | ||||||
| 16:30 | USD | medium | Prelim Nonfarm Productivity q/q | 7.2% | 5.7% | 6.2% |
| Measures: Annualized change in labor efficiency when producing goods and services, excluding the farming industry; Frequency: Released quarterly, about 35 days after the quarter ends; Next Release: May 6, 2010 FF Notes: While this is q/q data, it's reported in an annualized format (quarterly change x4). Due to the double revision schedule the 'History' data will appear unconnected. There are 2 versions of this report released a month apart – Preliminary and Revised. The Preliminary release is the earliest and thus tends to have the most impact; Why Traders Care: Productivity and labor- 3e8 related inflation are directly linked - a drop in a worker's productivity is equivalent to a rise in their wage. When businesses pay more for labor the higher costs are usually passed on to the consumer; | ||||||
| 16:30 | USD | medium | Prelim Unit Labor Costs q/q | -1.5% | -2.3% | -4.4% |
| ??” | ||||||
| 18:00 | CAD | high | Ivey PMI | 48.4 | 52.3 | 50.8 |
| Measures: Level of a diffusion index based on surveyed purchasing managers; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 5 days after the month ends; Next Release: Mar 5, 2010 FF Notes: Above 50.0 indicates industry expansion, below indicates contraction. This data series is not seasonally adjusted which increases deviations from month to month. Source first released in Dec 2000; Why Traders Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy; Derived Via: Survey of about 175 purchasing managers, selected geographically and by sector of activity to match the economy as a whole, which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories; Acro Expand: Purchasing Managers 1388 ' Index (PMI); | ||||||
| 18:00 | USD | medium | Factory Orders m/m | 1.0% | 0.7% | 1.0% |
| Measures: Change in the total value of new purchase orders placed with manufacturers; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 35 days after the month ends; Next Release: Mar 4, 2010 FF Notes: This report contains a revision of the Durable Goods Orders data released about a week earlier, and fresh data regarding non-durable goods; Why Traders Care: It's a leading indicator of production - rising purchase orders signal that manufacturers will increase activity as they work to fill the orders; | ||||||
| 18:00 | USD | low | Treasury Sec Geithner Speaks | |||
| Speaker: US Treasury Secretary Timothy Geithner; Description: Due to testify on the fiscal 2011 budget before the House Senate Budget Committee, in Washington DC; Next Release: Feb 6, 2010 FF Notes: US Treasury Secretary Jan 2009 - Jan 2013. He speaks frequently on a broad range of subjects - 3e8 only speeches that might have direct market impact are listed on the calendar; Why Traders Care: It's the Treasury Secretary's job to communicate the US President's economic policies, and his speeches are often used to signal policy shifts to the public and to foreign governments; | ||||||
| 18:00 | USD | medium | Factory Orders m/m | |||
| Measures the annual change in the value of new orders place for machine tools, which includes capital goods that are used in the production of many such products as motor vehicles and their parts, electrical products, aircrafts and their parts, and dyes and molds. | ||||||
| 18:30 | USD | low | Natural Gas Storage | -86B | -123B | -115B |
| Measures: Change in the number of cubic feet of natural gas held in underground storage during the past week; Frequency: Released weekly, 5 days after the week ends; Next Release: Feb 11, 2010 FF Notes: While this is a US indicator, it most affects the loonie due to Canada's sizable energy sector; Also Called: Nat Gas Stocks, Nat Gas Inventories; Acro Expand: Energy Information Administration (EIA); | ||||||
| 21:45 | CAD | medium | BOC Gov Carney Speaks | |||
| FF Alert : Text of the speech due to be released 15 minutes earlier than the speaking time listed. Carney is due to hold a press conference 45 minutes after the speaking time listed; Speaker: BOC Governor Mark Carney; Description: Due to speak at the Chamber of Commerce, in Winnipeg; Usual Effect: More hawkish than expected = Good for currency; Next Release: Feb 13, 2010 FF Notes: BOC Governor Feb 2008 - Feb 2015. Volatility is sometimes experienced during his speeches as traders attempt to decipher interest rate clues; Why Traders Care: As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy; Acro Expand: Bank of Canada (BOC); | ||||||
| 22:00 | USD | high | FOMC Member Hoenig Speaks | |||
| Speaker: ederal Reserve Bank of Kansas President Thomas Hoenig; Description: Due to speak on economic outlook and monetary policy at the Bankers Association Meeting, in Oklahoma City. Audience questions expected; Usual Effect: More hawkish than expected = Good for currency; FF Notes: 2010 FOMC voting member; Why Traders Care: Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy; Acro Expand: Federal Open Market Committee (FOMC); | ||||||
Friday, 05 February 2010
| Time | Currency | Economic impact | Event | Prev. | Forecast | Fact. |
|---|---|---|---|---|---|---|
| 01:30 | AUD | low | AIG Construction Index | 49.3 | 57.7 | |
| Measures: Level of a diffusion index based on surveyed construction companies; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, on the fifth business day after the month ends; Next Release: Mar 5, 2010 FF Notes: Above 50.0 indicates industry expansion, below indicates contraction; Derived Via: Survey of about 120 construction companies which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories; Also Called: Performance of Construction Index; Acro Expand: Australian Industry Group (AIG); | ||||||
| 03:30 | AUD | high | RBA Monetary Policy Statement | |||
| Usual Effect: More hawkish than expected = Good for currency; Frequency: Released quarterly; Next Release: May 7, 2010 Why Traders Care: It provides valuable insight into the bank's view of economic conditions and inflation - the key factors that will shape the future of monetary policy and influence their interest rate decisions; Also Called: Statement on Monetary Policy; Acro Expand: Reserve Bank of Australia (RBA); | ||||||
| 08:00 | JPY | low | Leading Indicators | 91.0% | 93.7% | 94.0% |
| Measures: Level of a composite index based on 12 economic indicators; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 35 days after the month ends; Next Release: Mar 5, 2010 FF Notes: This in 2505 dex is designed to predict the direction of the economy, but it tends to have a muted impact because most of the indicators used in the calculation are released previously. There's a revised version of this indicator released about 10 days later, but it's not included for lack of significance. Source changed series from a diffusion index to a composite index as of Jun 2008; Derived Via: Combined reading of 12 economic indicators related to employment, production, new orders, consumer confidence, housing, stock prices, money supply, and interest rate spreads; | ||||||
| 10:45 | EUR | low | French Gov Budget Balance | -143.3B | -138.0B | |
| Measures: Difference in value between the central government's income and spending for the year-to-date; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 40 days after the month ends; Next Release: Mar 8, 2010 FF Notes: A positive number indicates a budget surplus, a negative number indicates a deficit. Due to the year-to-date format, the data released in Feb covers the entire preceding year's budget, while the Mar releases only covers the first month of the current year; Also Called: General Budget Outcome; | ||||||
| 10:45 | EUR | low | French Trade Balance | -5.0B | -3.9B | -4.3B |
| Measures: Difference in value between imported and exported goods during the reported month; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 35 days after the month ends; Next Release: Mar 8, 2010 FF Notes: A positive number indicates that more goods were exported than imported; Why Traders Care: Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers; Also Called: Foreign Trade; | ||||||
| 12:30 | GBP | high | PPI Input m/m | |||
| ??” | ||||||
| 12:30 | GBP | low | PPI Output m/m | 0.5% | 0.3% | 0.4% |
| Measures: Change in the price of goods sold by manufacturers; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 10 days after the month ends; Next Release: Mar 12, 2010 FF Notes: Only includes goods produced domestically; Also Called: Factory Gate Prices; Acro Expand: Producer Price Ind 3e8 ex (PPI); | ||||||
| 13:00 | EUR | low | Italian Prelim CPI m/m | 0.2% | 0.3% | 0.1% |
| Measures: Change in the price of goods and services purchased by consumers; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, around the end of the current month; Next Release: Mar 1, 2010 FF Notes: There are 2 versions of CPI released about 25 days apart - Preliminary and Final. The Preliminary release is extremely early but has a muted impact due to Italy's relatively small impact on the Eurozone. The Final is not included for lack of significance; Acro Expand: Consumer Price Index (CPI); | ||||||
| 14:00 | EUR | medium | German Industrial Production m/m | 0.7% | 0.6% | -2.6% |
| Measures: Change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 40 days after the month ends; Next Release: Mar 8, 2010 Why Traders Care: It's a leading indicator of economic health - production reacts quickly to ups and downs in the business cycle and is correlated with consumer conditions such as employment levels and earnings; Also Called: Industrial Output; | ||||||
| 16:30 | USD | high | Non-Farm Employment Change | -150K | 10K | -20K |
| Measures: Change in the number of employed people during the previous month, excluding the farming industry; Usua 3e8 l Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, usually on the first Friday after the month ends; Next Release: Mar 5, 2010 FF Notes: This is vital economic data released shortly after the month ends. The combination of importance and earliness makes for hefty market impacts; Why Traders Care: Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity; Also Called: Non-Farm Payrolls, NFP, Employment Change; | ||||||
| 16:30 | USD | high | Unemployment Rate | 10.0% | 10.0% | 9.7% |
| Measures: Percentage of total work force that is unemployed and actively seeking employment during the previous month; Frequency: Released monthly, usually on the first Friday after the month ends; Next Release: Mar 5, 2010 Also Called: Jobless Rate; | ||||||
| 16:30 | USD | medium | Average Hourly Earnings m/m | 0.2% | 0.2% | 0.3% |
| Measures: Change in the price businesses pay for labor, excluding the farming industry; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, usually on the first Friday after the month ends; Next Release: Mar 5, 2010 FF Notes: This is the earliest data related to labor inflation; Why Traders Care: It's a leading indicator of consumer inflation - when businesses pay more for labor the higher costs are usually passed on to the consumer; | ||||||
| 23:00 | USD | Consumer Credit m/m | ||||
| Measures: Change in the total value of outstanding consumer credit that requires installment payments; Usual Effect: Actual > Forecast = Good for currency; Frequency: Released monthly, about 7 days after the month ends; Next Release: Mar 5, 2010 Why Traders Care: It's correlated with consumer spending and confidence - rising debt levels are a sign that lenders feel comfortable issuing loans, and that consumers are confident in their financial position and eager to spend money; | ||||||
Saturday, 06 February 2010
| Time | Currency | Economic impact | Event | Prev. | Forecast | Fact. |
|---|---|---|---|---|---|---|
| 01:15 | USD | medium | FOMC Memb ac8 er Bullard Speaks | |||
| Speaker: Federal Reserve Bank of St Louis President James Bullard; Description: Due to speak at the Conference titled "Monetary Policy amid Economic Turbulence" organized by Washington University, in St Louis; Usual Effect: More hawkish than expected = Good for currency; FF Notes: 2010 FOMC voting member; Why Traders Care: Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy; Acro Expand: Federal Open Market Committee (FOMC); | ||||||
| 21:15 | USD | high | Treasury Sec Geithner Speaks | |||
| Speaker: US Treasury Secretary Timothy Geithner; Description: Due to hold a press conference at the conclusion of the G7 meeting, in Iqaluit; FF Notes: US Treasury Secretary Jan 2009 - Jan 2013. He speaks frequently on a broad range of subjects - only speeches that might have direct market impact are listed on the calendar; Why Traders Care: It's the Treasury Secretary's job to communicate 3e8 the US President's economic policies, and his speeches are often used to signal policy shifts to the public and to foreign governments; | ||||||
